PannErgy stock: OTP target for PannErgy stock stands at HUF 3,107

Published on 10/16/2026 at 16:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 net profit was HUF 619 million, up 75.00 percent. PannErgy stock costs EUR 7.74 on October 16, 2026, while Budapest fell 2.11 percent.

Target and trading context

OTP's October 7, 2026 analysis put the 12-month target at HUF 3,107.
First-half 2026 net profit reached HUF 619 million, up 75.00 percent year over year.
PannErgy stock costs EUR 7.74 at Lang & Schwarz on October 16, 2026 at 4:11 p.m. CEST, while Budapest fell 2.11 percent on the day.
The stock carried a price-to-earnings ratio of 26.71 and a market capitalization of HUF 45.1 billion on October 15, 2026.

PannErgy, HU0000089867, Illustration mit AI erstellt.

OTP's HUF 3,107 12-month target for PannErgy stands 11.36 percent above the HUF 2,790 Budapest price on October 16, 2026. In its October 7, 2026 analysis, Portfolio reported that OTP lifted the target from HUF 3,057 to HUF 3,107. PannErgy stock was trading at EUR 7.74 at Lang & Schwarz on October 16, 2026 at 4:11 p.m. CEST.

First-half profit reached HUF 619 million

The company's latest reported interim figures give the target a stronger operating backdrop. For the first half of 2026, net profit reached HUF 619 million, up more than 75.00 percent from the prior-year period, while earnings per share came to HUF 46.00. OTP Bank also reported first-half EBITDA of HUF 1.661 billion, broadly unchanged year over year.

Budapest price fell 2.11 percent

On the Budapest Stock Exchange, PannErgy last traded at HUF 2,790 on October 16, 2026, down 2.11 percent from the previous close. The latest operating update showed third-quarter heat sales of 161,935 gigajoules, compared with 177,937 gigajoules a year earlier, while January through September sales reached 1.163 million gigajoules, up 0.30 percent year over year. The company maintained its 2026 IFRS EBITDA outlook of HUF 4.30 billion to HUF 4.45 billion, according to Portfolio on October 16, 2026.

Valuation and peer context

PannErgy's market capitalization was HUF 45.1 billion and its price-to-earnings ratio was 26.71 on October 15, 2026. The figures place the stock's market value alongside a valuation measure that remains materially above MOL's price-to-earnings ratio of 9.82 on October 16, 2026. MOL shares were up 0.20 percent in Budapest on that date, while the BUX index stood at 144,454.77 points, up 0.68 percent.

Comparison with peers

PannErgy (Budapest Stock Exchange, HUF): down 2.11 percent, price-to-earnings ratio 26.71, market capitalization HUF 45.1 billion
MOL (Budapest Stock Exchange, HUF): plus 0.20 percent, price-to-earnings ratio 9.82, market capitalization HUF 4.1 trillion
BUX (Budapest Stock Exchange, HUF): plus 0.68 percent, index level 144,454.77

Trading context for investors

The main contrast is between stronger first-half earnings and softer third-quarter heat sales. The HUF 4.30 billion to HUF 4.45 billion EBITDA outlook remains the key operating yardstick for the full year, while the OTP target provides a dated valuation reference in forint.

PannErgy stock was trading at EUR 7.74 at Lang & Schwarz on October 16, 2026 at 4:11 p.m. CEST. The latest Budapest session price was HUF 2,790 on October 16, 2026, down 2.11 percent on the day. The further course of trading is shown by the continuously updated real-time quote of PannErgy stock.